Elliott Foster
Aurora,OH
Summary
Experienced tax professional specializing in tax preparation and complex tax compliance. Proven track record in tax planning to maximize tax efficiency for small businesses and individuals. Skilled in comprehensive tax research and adept at client management, building long-term relationships through proactive guidance and clear communication of complex tax matters.
Overview
11
11
years of professional experience
Work History
Manager
Smith Financial Services
Twinsburg, Ohio
01.2023 - Current
- Oversaw day-to-day operations of the firm.
- Managed 250+ individual and small business clients across diverse industries, serving as their primary point of contact for year-round tax compliance and strategic planning.
- Prepared and reviewed complex federal and multi-state tax returns, including 1040, 1041, 1065, 1120, 1120S, and 709, and FinCEN Form 114.
- Advised business owners on year-end tax planning, capital expenditures, and quarterly estimated payments.
- Guided business owners on formation of LLCs, corporations, and partnerships, plus tax structure selection to minimize tax liability.
- Implemented proactive tax planning strategies (e.g.,) Section 179 deductions, QBI optimization, and creation of asset holding companies.
- Resolved outstanding IRS and state tax notices, successfully mitigating penalties for small business clients
- Led financial planning meetings to support client financial and retirement goals.
- Supervised, trained, and mentored 2 employees to improve skills and productivity.
Associate
Smith Financial Services
Twinsburg, OH
02.2016 - 12.2022
- Researched federal and state tax issues to resolve complex tax matters and enhance client tax planning.
- Prepared accurate federal and multi-state tax returns, ensuring compliance with regulations.
- Reconciled bank accounts, credit cards, and accounts receivable and payable ledgers for small business clients.
- Filed state sales tax, commercial activities tax, and BWC returns for small business clients.
- Managed firm administrative tasks by organizing client digital portals and preparing tax assembly packages efficiently.
Education
J.D. -
Emory University School of Law
Atlanta, GABachelor of Arts - Major in Political Science, Minor in English
Allegheny College
Meadeville, PASkills
- Tax return preparation
- Tax compliance
- Tax planning and research
- Entity structuring
- Financial planning strategies
- Client management
Timeline
Manager
Smith Financial Services
01.2023 - Current
Associate
Smith Financial Services
02.2016 - 12.2022
J.D. -
Emory University School of Law
Bachelor of Arts - Major in Political Science, Minor in English
Allegheny College